凌晨，突发熔断！

Core Viewpoint - The article highlights significant market movements, including a dramatic IPO performance by Figma and a strong earnings report from Facebook, amidst a backdrop of declining U.S. stock indices [2][4][5]. Group 1: Figma's IPO Performance - Figma's IPO saw a staggering increase of 256.33%, closing at $117.59 per share, with a peak increase of 277.67% during trading [14][16]. - The total market capitalization of Figma reached $57.3 billion, showcasing its strong market debut [14][17]. - Figma is positioned as a disruptor to Adobe, with a high gross margin of around 90%, revenue growth of 45% to 50%, and a customer net revenue retention rate of 132% [17]. Group 2: Facebook's Earnings Report - Facebook's stock surged by 11.25%, closing at $773.44 per share, following a strong earnings report [19][20]. - The company reported total revenue of $47.516 billion for Q2 2025, a 22% year-over-year increase, driven primarily by robust advertising performance [21]. - Facebook's net profit reached $18.337 billion, reflecting a 36% increase compared to the previous year [21]. - The Family of Apps segment generated $47.146 billion in revenue, with a notable 11% increase in ad impressions and a 9% rise in average ad prices [21].